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The New Coffee Room

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  3. The Bitcoin/Crypto Thread

The Bitcoin/Crypto Thread

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  • X Offline
    X Offline
    xenon
    wrote on last edited by
    #170

    Good examples though - I didn't know about Chainlink until you brought it up.

    I've been slowly moving away from being super duper skeptical to just looking at blockchain with squinty eyes.

    1 Reply Last reply
    • LuFins DadL LuFins Dad

      Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

      LuFins DadL Offline
      LuFins DadL Offline
      LuFins Dad
      wrote on last edited by
      #171

      @lufins-dad said in The Bitcoin/Crypto Thread:

      et’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

      So Karla really liked the card she got...

      Seriously? The money I put into long-term holds that are supposed to be pretty secure. I had lost about 30% over the two months but am closing quickly towards being in the black again. Volatile is correct...

      On the other side, two weeks ago I put in $10 to just have some fun poking around at the day trading end of it. Trying to time the dips and the swings of the currencies (especially the new ones). The idea is to try and gain 10% plus the transaction fee back from every trade. I'm not quite hitting that target because the transaction fees seem to be fairly high for the smaller amounts (Transferring $11.50 from BICO to POLY cost me $.40) I have to assume that there are minimum transaction fees that apply? At any rate, I've got that $10 up to $16.80 over the last two weeks, so that's kind of fun... Just 295 successful transactions to go...

      The Brad

      AxtremusA 1 Reply Last reply
      • taiwan_girlT Offline
        taiwan_girlT Offline
        taiwan_girl
        wrote on last edited by
        #172

        I am like @xenon . Just dont get the purpose/value of crypto. When a country like mainland China decides to crack down on crypto currency, it doesn't seem like it is as "free" and out of the reach of governments as people like to believe.

        1 Reply Last reply
        • LuFins DadL LuFins Dad

          @lufins-dad said in The Bitcoin/Crypto Thread:

          et’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

          So Karla really liked the card she got...

          Seriously? The money I put into long-term holds that are supposed to be pretty secure. I had lost about 30% over the two months but am closing quickly towards being in the black again. Volatile is correct...

          On the other side, two weeks ago I put in $10 to just have some fun poking around at the day trading end of it. Trying to time the dips and the swings of the currencies (especially the new ones). The idea is to try and gain 10% plus the transaction fee back from every trade. I'm not quite hitting that target because the transaction fees seem to be fairly high for the smaller amounts (Transferring $11.50 from BICO to POLY cost me $.40) I have to assume that there are minimum transaction fees that apply? At any rate, I've got that $10 up to $16.80 over the last two weeks, so that's kind of fun... Just 295 successful transactions to go...

          AxtremusA Away
          AxtremusA Away
          Axtremus
          wrote on last edited by
          #173

          @lufins-dad said in The Bitcoin/Crypto Thread:

          On the other side, two weeks ago I put in $10 to just have some fun poking around at the day trading end of it. Trying to time the dips and the swings of the currencies (especially the new ones). The idea is to try and gain 10% plus the transaction fee back from every trade. I'm not quite hitting that target because the transaction fees seem to be fairly high for the smaller amounts (Transferring $11.50 from BICO to POLY cost me $.40) I have to assume that there are minimum transaction fees that apply? At any rate, I've got that $10 up to $16.80 over the last two weeks, so that's kind of fun... Just 295 successful transactions to go...

          Are you doing all these trading in a tax-excempt or tax-deferred account? If not, presumably every trade is a tax event and reporting 300+ tax events would be non-trivial. In any case, good luck with your trading.

          1 Reply Last reply
          • Aqua LetiferA Offline
            Aqua LetiferA Offline
            Aqua Letifer
            wrote on last edited by
            #174

            Interesting thread.

            Please love yourself.

            KlausK 1 Reply Last reply
            • Aqua LetiferA Aqua Letifer

              Interesting thread.

              KlausK Offline
              KlausK Offline
              Klaus
              wrote on last edited by
              #175

              @aqua-letifer said in The Bitcoin/Crypto Thread:

              Interesting thread.

              I must say that that thread makes me like crypto more, not less.

              I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.

              Hell yes, bring it on!

              MikM 1 Reply Last reply
              • KlausK Klaus

                @aqua-letifer said in The Bitcoin/Crypto Thread:

                Interesting thread.

                I must say that that thread makes me like crypto more, not less.

                I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.

                Hell yes, bring it on!

                MikM Offline
                MikM Offline
                Mik
                wrote on last edited by
                #176

                @klaus said in The Bitcoin/Crypto Thread:

                @aqua-letifer said in The Bitcoin/Crypto Thread:

                Interesting thread.

                I must say that that thread makes me like crypto more, not less.

                I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.

                Hell yes, bring it on!

                What's not to like?

                “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                Aqua LetiferA 1 Reply Last reply
                • MikM Mik

                  @klaus said in The Bitcoin/Crypto Thread:

                  @aqua-letifer said in The Bitcoin/Crypto Thread:

                  Interesting thread.

                  I must say that that thread makes me like crypto more, not less.

                  I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.

                  Hell yes, bring it on!

                  What's not to like?

                  Aqua LetiferA Offline
                  Aqua LetiferA Offline
                  Aqua Letifer
                  wrote on last edited by
                  #177

                  @mik said in The Bitcoin/Crypto Thread:

                  @klaus said in The Bitcoin/Crypto Thread:

                  @aqua-letifer said in The Bitcoin/Crypto Thread:

                  Interesting thread.

                  I must say that that thread makes me like crypto more, not less.

                  I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.

                  Hell yes, bring it on!

                  What's not to like?

                  Ignoring this guy's histrionics, my thing is, it works in ways we haven't grappled with for any extended period, so there may be some pitfalls.

                  "What do you mean, Aqua, buying on margin is a great idea!"

                  Please love yourself.

                  MikM 1 Reply Last reply
                  • X Offline
                    X Offline
                    xenon
                    wrote on last edited by xenon
                    #178

                    If you like the way the Euro works or the way the gold standard works, you'll like the way crypto works. It's like those, but even moreso.

                    Countries would lose control over their own currency (and to be sure, some manage it very poorly).

                    Americans should be most wary though - since they currently enjoy having the world's reserve currency.

                    Aqua LetiferA Doctor PhibesD 2 Replies Last reply
                    • X xenon

                      If you like the way the Euro works or the way the gold standard works, you'll like the way crypto works. It's like those, but even moreso.

                      Countries would lose control over their own currency (and to be sure, some manage it very poorly).

                      Americans should be most wary though - since they currently enjoy having the world's reserve currency.

                      Aqua LetiferA Offline
                      Aqua LetiferA Offline
                      Aqua Letifer
                      wrote on last edited by
                      #179

                      @xenon said in The Bitcoin/Crypto Thread:

                      If you like the way the Euro works or the way the gold standard works, you'll like the way crypto works. It's like those, but even moreso.

                      That sounds so ridiculous. 😄 I'm taking your word for it, but it sounds like you're saying, "crypto's great! It's like money, but better!"

                      Please love yourself.

                      X 1 Reply Last reply
                      • X xenon

                        If you like the way the Euro works or the way the gold standard works, you'll like the way crypto works. It's like those, but even moreso.

                        Countries would lose control over their own currency (and to be sure, some manage it very poorly).

                        Americans should be most wary though - since they currently enjoy having the world's reserve currency.

                        Doctor PhibesD Offline
                        Doctor PhibesD Offline
                        Doctor Phibes
                        wrote on last edited by
                        #180

                        @xenon said in The Bitcoin/Crypto Thread:

                        If you like the way the Euro works

                        The Euro works?

                        I was only joking

                        1 Reply Last reply
                        • Aqua LetiferA Aqua Letifer

                          @xenon said in The Bitcoin/Crypto Thread:

                          If you like the way the Euro works or the way the gold standard works, you'll like the way crypto works. It's like those, but even moreso.

                          That sounds so ridiculous. 😄 I'm taking your word for it, but it sounds like you're saying, "crypto's great! It's like money, but better!"

                          X Offline
                          X Offline
                          xenon
                          wrote on last edited by xenon
                          #181

                          @aqua-letifer said in The Bitcoin/Crypto Thread:

                          @xenon said in The Bitcoin/Crypto Thread:

                          If you like the way the Euro works or the way the gold standard works, you'll like the way crypto works. It's like those, but even moreso.

                          That sounds so ridiculous. 😄 I'm taking your word for it, but it sounds like you're saying, "crypto's great! It's like money, but better!"

                          Well - I personally don't like the way the Euro works or the gold standard.

                          But essentially - you're turning a currency more into a "force of nature" - people have less control over it.

                          What I'm saying is that crypto takes away even more control from humans.

                          I think the guy you linked was essentially saying the same thing.

                          Question is - do we want humans to control and have agency over their the currency?

                          Doctor PhibesD 1 Reply Last reply
                          • Aqua LetiferA Aqua Letifer

                            @mik said in The Bitcoin/Crypto Thread:

                            @klaus said in The Bitcoin/Crypto Thread:

                            @aqua-letifer said in The Bitcoin/Crypto Thread:

                            Interesting thread.

                            I must say that that thread makes me like crypto more, not less.

                            I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.

                            Hell yes, bring it on!

                            What's not to like?

                            Ignoring this guy's histrionics, my thing is, it works in ways we haven't grappled with for any extended period, so there may be some pitfalls.

                            "What do you mean, Aqua, buying on margin is a great idea!"

                            MikM Offline
                            MikM Offline
                            Mik
                            wrote on last edited by
                            #182

                            @aqua-letifer said in The Bitcoin/Crypto Thread:

                            @mik said in The Bitcoin/Crypto Thread:

                            @klaus said in The Bitcoin/Crypto Thread:

                            @aqua-letifer said in The Bitcoin/Crypto Thread:

                            Interesting thread.

                            I must say that that thread makes me like crypto more, not less.

                            I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.

                            Hell yes, bring it on!

                            What's not to like?

                            Ignoring this guy's histrionics, my thing is, it works in ways we haven't grappled with for any extended period, so there may be some pitfalls.

                            "What do you mean, Aqua, buying on margin is a great idea!"

                            My first experience to buying on margin was the richest guy in Springfield. He lost it all on margin calls. Maade a big impression on me.

                            “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                            CopperC 1 Reply Last reply
                            • X xenon

                              @aqua-letifer said in The Bitcoin/Crypto Thread:

                              @xenon said in The Bitcoin/Crypto Thread:

                              If you like the way the Euro works or the way the gold standard works, you'll like the way crypto works. It's like those, but even moreso.

                              That sounds so ridiculous. 😄 I'm taking your word for it, but it sounds like you're saying, "crypto's great! It's like money, but better!"

                              Well - I personally don't like the way the Euro works or the gold standard.

                              But essentially - you're turning a currency more into a "force of nature" - people have less control over it.

                              What I'm saying is that crypto takes away even more control from humans.

                              I think the guy you linked was essentially saying the same thing.

                              Question is - do we want humans to control and have agency over their the currency?

                              Doctor PhibesD Offline
                              Doctor PhibesD Offline
                              Doctor Phibes
                              wrote on last edited by
                              #183

                              @xenon said in The Bitcoin/Crypto Thread:

                              Question is - do we want humans to control and have agency over their the currency?

                              Depends on the human.

                              I was only joking

                              AxtremusA 1 Reply Last reply
                              • Doctor PhibesD Doctor Phibes

                                @xenon said in The Bitcoin/Crypto Thread:

                                Question is - do we want humans to control and have agency over their the currency?

                                Depends on the human.

                                AxtremusA Away
                                AxtremusA Away
                                Axtremus
                                wrote on last edited by
                                #184

                                @doctor-phibes said in The Bitcoin/Crypto Thread:

                                @xenon said in The Bitcoin/Crypto Thread:

                                Question is - do we want humans to control and have agency over their the currency?

                                Depends on the human.

                                Under my control is the best, of course.

                                1 Reply Last reply
                                • MikM Mik

                                  @aqua-letifer said in The Bitcoin/Crypto Thread:

                                  @mik said in The Bitcoin/Crypto Thread:

                                  @klaus said in The Bitcoin/Crypto Thread:

                                  @aqua-letifer said in The Bitcoin/Crypto Thread:

                                  Interesting thread.

                                  I must say that that thread makes me like crypto more, not less.

                                  I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.

                                  Hell yes, bring it on!

                                  What's not to like?

                                  Ignoring this guy's histrionics, my thing is, it works in ways we haven't grappled with for any extended period, so there may be some pitfalls.

                                  "What do you mean, Aqua, buying on margin is a great idea!"

                                  My first experience to buying on margin was the richest guy in Springfield. He lost it all on margin calls. Maade a big impression on me.

                                  CopperC Offline
                                  CopperC Offline
                                  Copper
                                  wrote on last edited by
                                  #185

                                  @mik said in The Bitcoin/Crypto Thread:

                                  He lost it all on margin calls.

                                  Money makes you stupid

                                  AxtremusA 1 Reply Last reply
                                  • CopperC Copper

                                    @mik said in The Bitcoin/Crypto Thread:

                                    He lost it all on margin calls.

                                    Money makes you stupid

                                    AxtremusA Away
                                    AxtremusA Away
                                    Axtremus
                                    wrote on last edited by
                                    #186

                                    @copper said in The Bitcoin/Crypto Thread:

                                    Money makes you stupid

                                    Say, how much money does Donald Trump have?

                                    George KG 1 Reply Last reply
                                    • AxtremusA Axtremus

                                      @copper said in The Bitcoin/Crypto Thread:

                                      Money makes you stupid

                                      Say, how much money does Donald Trump have?

                                      George KG Offline
                                      George KG Offline
                                      George K
                                      wrote on last edited by
                                      #187

                                      @axtremus said in The Bitcoin/Crypto Thread:

                                      @copper said in The Bitcoin/Crypto Thread:

                                      Money makes you stupid

                                      Say, how much money does Donald Trump have?

                                      About 1/20 that of Michael Bloomberg.

                                      https://en.wikipedia.org/wiki/List_of_richest_American_politicians

                                      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                      AxtremusA 1 Reply Last reply
                                      • George KG George K

                                        @axtremus said in The Bitcoin/Crypto Thread:

                                        @copper said in The Bitcoin/Crypto Thread:

                                        Money makes you stupid

                                        Say, how much money does Donald Trump have?

                                        About 1/20 that of Michael Bloomberg.

                                        https://en.wikipedia.org/wiki/List_of_richest_American_politicians

                                        AxtremusA Away
                                        AxtremusA Away
                                        Axtremus
                                        wrote on last edited by
                                        #188

                                        @george-k said in The Bitcoin/Crypto Thread:

                                        @axtremus said in The Bitcoin/Crypto Thread:

                                        @copper said in The Bitcoin/Crypto Thread:

                                        Money makes you stupid

                                        Say, how much money does Donald Trump have?

                                        About 1/20 that of Michael Bloomberg.

                                        https://en.wikipedia.org/wiki/List_of_richest_American_politicians

                                        Fun facts:

                                        1. Michael Bloomberg was born into less money than Donald Trump was.
                                        2. Since signing The Giving Pledge, Bloomberg has given to philanthropic causes more than 3x Trump’s net worth in monetary terms.
                                        CopperC 1 Reply Last reply
                                        • AxtremusA Axtremus

                                          @george-k said in The Bitcoin/Crypto Thread:

                                          @axtremus said in The Bitcoin/Crypto Thread:

                                          @copper said in The Bitcoin/Crypto Thread:

                                          Money makes you stupid

                                          Say, how much money does Donald Trump have?

                                          About 1/20 that of Michael Bloomberg.

                                          https://en.wikipedia.org/wiki/List_of_richest_American_politicians

                                          Fun facts:

                                          1. Michael Bloomberg was born into less money than Donald Trump was.
                                          2. Since signing The Giving Pledge, Bloomberg has given to philanthropic causes more than 3x Trump’s net worth in monetary terms.
                                          CopperC Offline
                                          CopperC Offline
                                          Copper
                                          wrote on last edited by
                                          #189

                                          @axtremus said in The Bitcoin/Crypto Thread:

                                          Bloomberg has given to philanthropic causes more than 3x Trump’s net worth in monetary terms.

                                          So what?

                                          1 Reply Last reply
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